Washington County Economic Growth Partnership Inc

Analysis

Washington County Economic Growth Partnership Inc is a registered charity in United States, based in Salem, IN. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Washington County Economic Growth Partnership Inc reported income of $139k and spending of $117k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $139k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington County Economic Growth Partnership Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within IN. Charities of a similar size with the same main cause include Parent Booster USA Inc ($139k), GFWC Virginia ($139k) and White County Group Homes Inc ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $43k (36% of expenses). At year end it held assets of $786k against liabilities of $6,000, net assets of $780k. It reported 1 employees.